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Athens Macedonian News Agency: News in English, 12-06-26
CONTENTS
[01] Recession to reach 6.8% in Q2 2012, study predicts
[01] Recession to reach 6.8% in Q2 2012, study predicts
AMNA / A study conducted by the Athens-based centre of planning and
economic research KEPE, made public on Tuesday, sees recession in the
second quarter of 2012 at 6.87 pct, compared with the first quarter's
6.54 pct, while in the third quarter (July, August, September 2012)
it is expected to reach 9.14 pct.
Recession in 2012 is expected round out at -6.7 pct, a greater decrease
than the roughly 5 pct anticipated by the government.
The KEPE study underlined that quarterly forecasts should be assessed
with caution considering that the official quarterly data provided
by the Hellenic Statistical Authority (EL.STAT) are temporary. KEPE's
forecasts are the result of a dynamic factor model.
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